Conversion of Securities

RNS Number : 3793Q

Highbridge Multi-Strategy Fd Ltd £

26 February 2016

 

HIGHBRIDGE MULTI-STRATEGY FUND LIMITED (the "Company") FORMERLY BLUECREST ALLBLUE FUND LIMITED

CONVERSION BETWEEN SHARE CLASSES AND CASH EXIT OF SHARES

Results of Conversion

Pursuant to the authority granted to the Board at the Company's EGM and Class Meetings on 24 February 2016, the Board announce that all continuing US Dollar Shares (excluding those shares redeemed by virtue of participating in the Cash Exit Offer) have been compulsorily converted to Sterling Shares.

The foreign exchange rate used for this conversion was:

USD/GBP:         0.716897

On the basis of the above, the conversion ratios are as follows:

0.826008375 Sterling Shares for every 1.00 US Dollar Share

With effect from 1 March 2016 the issued share capital of the Company (excluding 0 Sterling Shares and 0 US Dollar Shares held in treasury and subject to there being no further transactions in the Company's shares during the intervening period in accordance with the share buy back programme announced on 28 May 2012) will be as follows:

Sterling Shares:                        132,567,482

US Dollar Shares:                     0

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is   132,567,482  (excluding 0 Sterling Shares and 0 US Dollar Shares held in treasury and subject to there being no further transactions in the Company's shares during the intervening period in accordance with the share buy back programme announced on 28 May 2012) and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

Exit of shares

Pursuant to the Cash Exit, on 26 February 2016 the following shares were redeemed and subsequently cancelled:

Sterling Shares:            254,398,888

US Dollar Shares:          15,655,071

Admission of new shares

Application has been made for 5,400,326 Sterling Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange.  It is expected that such listing will become effective and that dealings in such shares will commence on 1 March 2016.

26 February 2016

For further information about this announcement contact:

JTC (Guernsey) Limited

Secretary

Tel:  [phone]

END OF ANNOUNCEMENT

E&OE - in transmission.

 

END

 

 

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